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Apartments in Berlin. Prices for flats in Berlin

Apartments in Berlin, the capital of Germany, are high-yield investments that have steady in demand among tenants as only one in every six Berlin residents owns property.

The buying prices of apartments for sale in Berlin are about €2,500/sq m, which is lower than those in Munich or Frankfurt. Germany’s capital is ranked 27th among the most expensive cities of the world.

Apartments in Berlin's central borough of Mitte cost from €4,500,000. Prenzlauer Berg is the second most popular borough and construction projects are growing here. Pre-owned apartments sell for €2,500 per square metre or more and new developments cost from €3,500/sq m.

Three-bedroomflats in Berlin can cost €200,000–250,000 in Steglitz and sell for €1,500/sq m or more in Spandau. The Köpenick district takes up 15% of Berlin's area, yet only 3% people reside here. €70,000-80,000 can buy a studio here. The most expensive districts are Grünewald and Smargendorf where prices start at €300,000.